Kinderhook Industries has completed its take-private acquisition of Enhabit Home Health & Hospice, paying $13.80 per share for the Dallas-based provider. The transaction ends Enhabit's public trading status and places the company under private ownership as it continues serving patients across 35 states.

Founded in 1998, Enhabit operates 117 hospice locations nationwide and maintains a significant footprint in home healthcare services. Barb Jacobsmeyer continues as president and CEO, leading a workforce that delivers patient-centric care across the company's extensive network. The acquisition values the company at approximately $440 million based on outstanding shares.

Kinderhook managing director Chris Michalik cited Enhabit's strong market position and patient-focused culture as key drivers for the investment. The private equity firm plans to build on Enhabit's foundation while potentially expanding its reach in the growing home healthcare sector. This consolidation reflects broader trends toward specialized healthcare delivery models that prioritize quality outcomes over rapid expansion.

The deal signals continued private equity interest in healthcare service providers, particularly those with established regional presence and proven operational models. For Enhabit employees and patients, the transition to private ownership may bring different strategic priorities compared to public market pressures.